find a high degree of downward nominal wage rigidity, which for rates of inflation lower than three percent is shown to … lead to higher equilibrium unemployment via the generated real wage wedge. …

leads to constantly rising unemployment and tax rates. The resulting crisis may trigger new insights into economic …

, in many African countries, unemployment rates are low and growth is seldom jobless. Regrettably, most of the poor work … long hours and cannot make ends meet while the violation of basic human rights is not uncommon. Again, youth unemployment …

This paper shows that, Rueff (1925, 1931) distinguished [a] a « permanent » unemployment due to excessive real wages … relative to the labor productivity, [b] a “temporary” unemployment due to a decline in the economic activity resulting from a … cyclic decrease of the price level, and [c] a « minimum » frictional unemployment prevailing in the normal functioning of the …

We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …

in unemployment and vacancies but also wages, is the drop in consumption for the unemployed. In addition, explaining the …

in more detail labour flexibility, namely labour market flows, long-term unemployment and labour force deprivation. The … third part addresses wage flexibility and relative wages, with special attention paid to regional unemployment elasticity of … labour mobility, labour deprivation due to long-term unemployment, skill mismatch and emerging signs of inflexibility in wage …